The global uptick in remote working has increased the frequency, range and probability of security incidents.
The majority (80%) of security professionals say they have witnessed increased security threats since the inception of the pandemic. And yet, only 9% of SMBs prioritise cybersecurity.
Below are key statistics that highlight the risks and potential costs to businesses of not prioritising IT security.
Estimated cost of cyber crime to businesses worldwide
Average cost of a data breach
Average value of a lost/stolen work laptop
Estimation global cost of cyber crime by 2025
Average cost of a malware attack
Average time taken to identify stolen user credentials.
Average time taken to identify a data breach
Average time needed to contain a data breach
Of all data breaches arise from human error
Of insider threats result from employee/contractor negligence
Of all data breaches result from social engineering attacks (when users are manipulated into making security mistakes)
Of employees claim to use their personal laptop or phone for work at least some of the time
Of IT leaders say personal device use makes their organisation more vulnerable to a security breach
Of IT leaders worry that outgoing employees retain sensitive data on their personal devices/in cloud storage
Of business leaders store their laptop passwords on insecure documents (e.g. post-it notes) or share them with other people
Of UK companies experienced one or more successful email phishing attacks in 2021
Average cost of a data breach caused by phishing
Average cost of an email phishing attack